What Happens After I Apply for an NCD on Upstox?

Once your NCD bid is successfully placed, you will receive a confirmation email. Please note that your application is not complete until you approve the UPI mandate. This mandate must be accepted via your UPI app either by:


  • Clicking on the link in the SMS sent by NPCI
  • Tapping on the UPI notification in your app (GPay, PhonePe, BHIM, etc.)


To check if the mandate is pending:

  • Go to the ‘Application Status’ section of the NCD application
  • Look for a “UPI Mandate Payment Pending” message

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